Prime Development Land
This property, located at and within the City Limits of Durango on Animas View Drive, is comprised of 3 tracts of land as follows:
Parcel 1: 3.441 acres situated between the Durango/Silverton narrow gauge railroad tracks and Animas View Drive. This tract is zoned RM-16 (multi-family) and has had substantial preliminary work performed and attained preliminary conditional approval to develop a 32 unit residential project. Appraised in 2012 for $1,620,000.
Parcel 2: 20.86 acres is located across the railroad tracks to the east of Parcel 1 and has significant Animas River frontage. A portion of this tract is "zoned " 5-acre Single Family and the balance, being in the floodplain and Animas River Corridor District, is regulated by La Plata County. Appraised in 2012 for $647,000.
Parcel 3: 28.56 acres is located south of and abuts Parcel 2. This parcel also has significant river frontage and is in the Animas River Corridor District. Zoned RSR by the City of Durango. Appraised in 2012 for $857,000
These properties present a number of opportunities for the creative developer. In its entirety the 3 parcels could lend themselves to a project whereby the residential units constructed on the multifamily land could utilize the larger river tracts as a common recreational/agricultural /equestrian element. As an alternative one could develop the upper high density land for cash flow/profit and build an equestrian estate or other agriculturally oriented project on the larger tracts. These parcels provide the opportunity for country living with the amenities of town close by.